A worker operating a green cherry picker lift with the words "Cardinal Crane" on its arm, lifting a large utility pole or crane component in a parking lot area with various trucks and vehicles in the background.

In Mine Project Finance “bankability” financial assessment (which is considered an appropriate tool set of financial risk review for this Energy Project), at the Stage of commissioning Front End Engineering Design “FEED”, is when Project Readiness is classed the “P1” (High Probability of Economic Viability to Commercial Investment Return Standard) of Proven Reserves.  

TORC Readiness

All the TORC Componentry, on a stand alone basis, enjoys over two decades of proof of Long Life and Ultra Low OPEX with corroborating bottom line profits.

Funding is sort now to commence built of a Proof of Concept Plant on a Commercial Site. The first Stage of the Build is the Front End Engineering Design “FEED” Report

 In Development Technical Readiness Level this is TRL6 (out of 1-10)

Industrial equipment including a large gray machine with vents, pipes, valves, and a green metal framework surrounding parts of the machinery.
Industrial machinery with large metal pipes, valves, and controls in a factory setting, supported by a green metal framework.

No “Bleeding Edge” Technical Risk: All TORC componentry n its own stand alone sectors have proven commercially viable (and bottom line profitable) for the last 20 years. The test will be in its integration. However, all bench tests, University Technical Reviews in 3D simulation models and 3D AI modelling support our Claims and Plan. This includes the Australian Government Agency, Australian Renewable Energy Agency “ARENA” who carried out detailed Review resulting the $7.0 MILLION Grant Award.   

Most have already burnt through hundreds of millions of dollars, use basically tech that is over 100 years old or the opposite never proven commercially. And, those that have listed, due to the desperation on Market Need and consequential hype, rose to multi-billion-dollar valuations only to see 1000% drops when time past revealed failure to deliver.

TORC maintains with only less than a $10.0Milion investment, it can have a commercial working product.